7 apps to simplify your personal finances

Managing your finances can be difficult, but with the help of personal finance apps, tracking your expenses and sticking to a budget can be very manageable and effective.

There are many options, whether you’re looking for money management apps designed for solo budgets or couples. This article covers some great apps to simplify your finances.

Budget apps for iPhone and Android

1. YNAB

YNAB is a simple budgeting app that acts as an expense manager, financial planner, debt breaker and bill organizer all in one. It’s ideal for those who want to face their finances head-on and prefer real-time updates on how their money is flowing.

As it offers many features, this app is more expensive than most budget apps. To use YNAB, you can choose between a $14.99 monthly subscription or a $99 annual subscription. You can start a 34-day free trial before fully committing to paying for this app.

2. Every dollar

EveryDollar is a product of Ramsey Solutions, which was founded by author and radio host Dave Ramsey.

It helps you set a budget, track your spending and monitor your money for free. After upgrading your account to premium, you can access group financial coaching sessions, set financial goals and create customized budget reports.

EveryDollar premium usually costs $79.99 annually, but sometimes the app offers a $30 discount on the annual fee. Unfortunately, this app does not have investment tracking features.

3. PocketGuard

Trusted by more than half a million users, PocketGuard is another trusted budget planner that helps you always know what’s “in your pocket.”

The dashboard makes it easy to set aside money for your needs and wants, track and reduce bills, and identify monthly subscriptions you may no longer want. Pie charts make it easy to see where the money is going.

The free version of PocketGuard has limited features. If you want a more comprehensive budgeting app, consider paying for the premium version, which costs $7.99 per month or $34.99 annually.

4. Timely

Formerly known as Digit, Oportun helps users achieve their short-term and long-term goals by allowing them to invest at their own pace and manage their transactions on a single platform.

When connected to your bank, the app calculates smart savings based on your spending habits and income. Then, put aside small amounts for your savings goals without you noticing.

The downside is that you won’t get much control over the assets the app invests your money in. After the 30-day free trial, the app costs $5 per month.

Budget apps for couples

5. Honeydue

Made especially for couples, Honeydue is a free app that helps you and your partner get on the same page financially. It allows couples to track expenses together, coordinate bills and split expenses, reducing financial arguments and misunderstandings.

This app is great for helping couples see eye to eye with their finances, but it lacks useful features for improving financial health.

6. Spend

Spendee’s budget tracking app has a “Shared Wallet” feature that allows plus and premium users to manage their money together with family, friends or partners. With this feature, wallet owner and guest can add, edit and delete any recorded transaction.

Unfortunately, you can’t share a single budget goal with a Spendee “Shared Wallet” guest, limiting their convenience to making financial transactions transparent between couples.

To use Spendee’s shared wallet, you must be a Spendee Plus user ($14.99/year) or have a Spendee Premium account ($22.99/year).

7. Empower personal wealth

Formerly known as Personal Capital, Empower Personal Wealth is an all-in-one platform for your financing needs. This app allows you to manage all your financial accounts in one place, offering options to track your budget, mortgage and investments.

While many of Empower’s features are free, you can only access financial planning services for investment portfolios if you pay an annual fee that varies based on the size of your portfolio.